＂Although hard facts are scarce, we estimate that only $10 or less in direct labor wages that go into an iPhone or iPad is paid to China workers. So while each unit sold in the U.S. adds from $229 to $275 to the U.S.-China trade deficit (the estimated factory costs4 of an iPhone or iPad), the portion retained in China's economy is a tiny fraction of that amount.＂

＂This study also confirms our earlier finding that trade statistics can mislead as much as inform.＂

＂Global production networks and highly specialized production processes apparently reverse trade patterns: developing countries such as the PRC export high-tech good -like the iPhone - while industrialized countries such as the US import the high-tech goods they themselves invented. In addition, conventional trade statistics greatly inflate bilateral trade deficits between a country used as export-platform by multinational firms and its destination countries.＂

"Those eight words (.."Designed by Apple in California - Assembled in China"..)are also giving a concise summary of the daunting problems the world economy has been struggling with for years. On top of this, they are revealing the weaknesses of traditional trade theory."

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